Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,261 shares of the restaurant operator’s stock after acquiring an additional 9,202 shares during the quarter. California Public Employees Retirement System owned 0.56% of Texas Roadhouse worth $45,379,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Red Spruce Capital LLC lifted its holdings in shares of Texas Roadhouse by 0.5% in the 4th quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after purchasing an additional 110 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 3.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 111 shares during the period. Fifth Third Bancorp grew its position in shares of Texas Roadhouse by 35.8% during the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 125 shares during the last quarter. Prospector Partners LLC increased its holdings in shares of Texas Roadhouse by 0.4% in the 3rd quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after acquiring an additional 150 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Texas Roadhouse by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after purchasing an additional 150 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last quarter. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group upped their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Stephens started coverage on Texas Roadhouse in a research note on Friday, April 12th. They set an “equal weight” rating and a $150.00 target price on the stock. Morgan Stanley increased their price target on Texas Roadhouse from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Piper Sandler lifted their price objective on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $138.76.

Texas Roadhouse Price Performance

Shares of TXRH opened at $157.46 on Friday. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $159.31. The company has a 50-day moving average of $151.30 and a two-hundred day moving average of $127.25. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.70 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. Texas Roadhouse’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Analysts anticipate that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.55%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 53.86%.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.